The Government of Ghana is set to officially hand over the Damang Mine to Damang Gold Mine Limited, a subsidiary of Engineers and Planners, owned by businessman Ibrahim Mahama, in a transition aimed at sustaining operations and protecting jobs in the mining sector.

The transfer, scheduled for April 18, 2026, will be facilitated by the Ministry of Lands and Natural Resources through the Minerals Commission, which will also outline the terms of the lease agreement to the new operator.

The move follows a decision by Gold Fields Limited to discontinue operations at the Damang site.

Despite this, mining activities resumed in May 2025 to ensure continuity during the transition period.

Gold Fields completed a comprehensive feasibility study in December 2025 and submitted it to the government to support efforts to extend the lifespan of the mine.

Over the past year, the company has worked closely with government and a designated Transition Team to prepare the site for a smooth takeover.

Both government and Gold Fields have emphasized the need to maintain sustainable operations, safeguard employment, support host communities, and preserve the mine’s contribution to the national economy.

Gold Fields, which has operated in Ghana for more than three decades, indicated that decisions regarding the mine’s future ownership structure rest solely with the Government of Ghana, in line with the country’s mining laws.

Since 2000, the company has invested approximately $5 billion in its Damang and Tarkwa operations and contributed about $2.9 billion to the state through taxes, royalties, and dividends.

It currently employs over 7,000 people in Ghana, with the vast majority being Ghanaian nationals.

The transition is expected to mark a new phase in the management of the Damang Mine, with stakeholders hopeful of sustained productivity and economic benefits.